News
Rate Hikes Not Bringing Profit to U.S. Auto Insurers: Fitch
Jumps in rates and written premiums did little to move the needle on underwriting profits for U.S. personal auto insurers, Fitch Ratings reported based on a recent review of midyear results of nine ...
Allstate Agrees to Settle Shareholders Class Action for $90M
To settle a years-long securities class action lawsuit against it, Allstate Corp. has agreed to set up a $90 million fund for shareholders who accused the insurer of false and misleading statements ...
More Signs of Life in Florida: New Insurers, More Citizens Takeouts
Florida's property insurance market is showing more signs of life, with another company requesting a large takeout order from Citizens Property Insurance and two new companies entering the ...
Midsize Cars Struggle With Rear Seat Safety: IIHS
New analysis released by the Insurance Institute for Highway Safety (IIHS) highlights a known safety issue with rear seats—submarining beneath the lapbelt—putting a passenger at risk for internal ...
CLARA Analytics Adds to GenAI Extracting Data From Demand Packages
Insurance carriers looking to quickly decipher demands in newly filed lawsuits can now do so through the use of generative artificial intelligence (AI), according to CLARA Analytics. The AI ...
Target Execs Say Problem With Stolen Goods Stabilizing
Big-box retailer Target said on Wednesday that losses caused by theft and organized retail crime, which had spiked in the first half of the year, are showing signs of stabilizing. Target shares were ...
Downed Power Lines Possible Cause of Deadly Maui Wildfires
Awakened by howling winds that tore through his Maui neighborhood, Shane Treu went out at dawn and saw a wooden power pole suddenly snap with a flash, its sparking, popping line falling to the dry ...
InclusionScore CEO: Recent Events Highlight Need to Rein in Costly D&I Risk
At the end of June, James Felton Keith read the news of the U.S. Supreme Court's majority rulings regarding affirmative action in higher education and the application of free speech in ...